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Connecticut Real Estate Q&A Discussion Forum
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Updated over 3 years ago,

User Stats

7
Posts
5
Votes
John Fenny
  • Real Estate Investor
  • Manchester, CT
5
Votes |
7
Posts

Legality of wholesaling in Connecticut.

John Fenny
  • Real Estate Investor
  • Manchester, CT
Posted

I know there a post about this all over the place, but I haven't found too many in regards to Connecticut and I want to find specific information.

I know there are people wholesaling in Connecticut, some of whom do not have a license, yet they are doing it anyways. From what I've read, this is because if you have a contract to purchase, and then assign the contract. People say it is legal by a) you have equitable interest in the house by putting it under contract, therefore you have the right to market it, and b) you're not really selling a house, you're selling the contract. Anyways, people come up with all sorts of ways to get around it. My question is there a way, in Connecticut, where you really can do what's stated above, without a license, legally? (Without ACTUALLY buying it yourself first, because I'm 21 and don't have money like that laying around.... yet ;) ) if so, how are they doing it.

Also, I'm looking to get licensed either way. I just know that takes a little bit of time and I want to possibly start closing deals before then. Can anyone recommend the best school/classes to get licensed in CT? Preferably online.

Thanks for the help!

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